Working Paper Series

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2025: Modernizing price measurement and evaluating recent critiques of the consumer price index

Daniel Sichel and Christopher Mackie

2025: Dismantling the license raj: The long road to India’s 1991 trade reforms

Douglas Irwin

2025: Why did inflation rise and fall so rapidly? Lessons from the Korean War

Joseph Gagnon and Asher Rose

2024: Labor market tightness and inflation before and after the COVID-19 pandemic

Justin Bloesch

2024: Fiscal policy and the pandemic-era surge in US inflation: Lessons for the future

Karen Dynan and Douglas Elmendorf

2024: The trinity of COVID era inflation in G7 economies

Joseph Gagnon and Asher Rose

2024: The international economic implications of a second Trump presidency

Warwick McKibbin, Megan Hogan and Marcus Noland

2024: Korea's trade policy agenda in an uncertain US trade environment

Alan Wolff and Han-koo Yeo

2024: Migration or stagnation: Aging and economic growth in Korea today, the world tomorrow

Michael Clemens

2024: Understanding Korea's long-run real exchange rate behavior

Douglas Irwin and Maurice Obstfeld

2024: Populist opposition is threatening progress on climate change

Edoardo Campanella and Robert Lawrence

2024: Europe's banking union at ten: Unfinished yet transformative

Nicolas Veron

2024: The El Nino Southern Oscillation and Geopolitical Risk

Cullen S. Hendrix

2024: US monetary policy and the recent surge in inflation

David Reifschneider

2024: Tackling the UK's regional economic inequality: Binding constraints and avenues for policy intervention

Anna Stansbury, Dan Turner and Ed Balls

2024: An analysis of pandemic-era inflation in 11 economies

Ben Bernanke and Olivier Blanchard

2024: Economic multilateralism 80 years after Bretton Woods

Maurice Obstfeld

2024: The macroeconomics of climate change: Starting points, tentative results, and a way forward

John Hassler, Per Krusell and Conny Olovsson

2024: Energy transition: The race between technology and political backlash

Pierre-Olivier Gourinchas, Gregor Schwerhoff and Antonio Spilimbergo

2024: The effect of lawful crossing on unlawful crossing at the US southwest border

Michael Clemens

2024: Lessons from China's fiscal policy during the COVID-19 pandemic

Tianlei Huang

2024: Macroeconomic implications of a transition to net zero emissions

Stephane Hallegatte, Florent McIsaac, Hasan Dudu, Charl Jooste, Camilla Knudsen and Hans Beck

2024: Powering the clean energy innovation system

Reinhilde Veugelers

2024: Semiconductors and modern industrial policy

Chad Bown and Dan Wang

2024: Trade policy, industrial policy, and the economic security of the European Union

Chad Bown

2024: Climate action: Implications for factor market reallocation

Robert Lawrence

2023: Modern industrial policy and the WTO

Chad Bown

2023: Green innovation and the transition toward a clean economy

Daron Acemoglu, Philippe Aghion, Lint Barrage and David Hémous

2023: How does decarbonization change the fiscal equation?

Ruud de Mooij and Vítor Gaspar

2023: Sequencing decarbonization policies to manage their macroeconomic impacts

Steven Fries

2023: Trade hyperglobalization is dead. Long live...?

Arvind Subramanian, Martin Kessler and Emanuele Properzi

2023: The Rapid Response Labor Mechanism of the US-Mexico-Canada Agreement

Chad Bown and Kathleen Claussen

2023: How trade cooperation by the United States, the European Union, and China can fight climate change

Chad Bown and Kimberly Clausing

2023: Central banks and policy communication: How emerging markets have outperformed the Fed and ECB

Tatiana Evdokimova, Piroska Mohacsi, Olga Ponomarenko and Elina Ribakova

2023: Rare macroeconomic disasters and lost decades in Latin America: The COVID-19 experience in a historical context

Jose F. Ursua and Alejandro Werner

2023: How the United States solved South Korea's problems with electric vehicle subsidies under the Inflation Reduction Act

Chad Bown

2023: Why China's housing policies have failed

Tianlei Huang

2023: What caused the US pandemic-era inflation?

Ben Bernanke and Olivier Blanchard

2023: Carbon border adjustments, climate clubs, and subsidy races when climate policies vary

Kimberly Clausing and Catherine Wolfram

2023: Saving the WTO from the national security exception

Warren Maruyama and Alan Wm. Wolff

2023: Industrial policy for electric vehicle supply chains and the US-EU fight over the Inflation Reduction Act

Chad Bown

2022: The IMF should enhance the role of SDRs to strengthen the international monetary system

Edwin Truman

2022: The World Bank, the IMF, and the GATT/WTO: Which institution most supported trade reform in developing economies?

Douglas Irwin

2022: The portfolio of economic policies needed to fight climate change

Olivier Blanchard, Christian Gollier and Jean Tirole

2022: 25 years of excess unemployment in advanced economies: Lessons for monetary policy

Joseph Gagnon and Madi Sarsenbayev

2022: North Korea as a Complex Humanitarian Emergency: Assessing Food Insecurity

Marcus Noland

2022: The WTO and vaccine supply chain resilience during a pandemic

Chad Bown

2022: How carbon tariffs and climate clubs can slow global warming

Shantayanan Devarajan, Delfin Go, Sherman Robinson and Karen Thierfelder

2022: A Reform Strategy to Transform Energy From Piecemeal to Systemwide Change

Steven Fries

2022: Green energy depends on critical minerals. Who controls the supply chains?

Luc Leruth, Adnan Mazarei, Pierre Régibeau and Luc Renneboog

2022: Why gender disparities persist in South Korea's labor market

Karen Dynan, Jacob Kirkegaard and Anna Stansbury

2022: COVID-19 vaccine supply chains and the Defense Production Act

Chad Bown

2022: Public responses to foreign protectionism: Evidence from the US-China trade war

David Steinberg and Yeling Tan

2022: WTO 2025: Constructing an executive branch

Alan Wm. Wolff

2022: WTO 2025: Getting Back to the Negotiating Table

Alan Wm. Wolff

2022: WTO 2025: Enhancing global trade intelligence

Alan Wm. Wolff

2022: WTO 2025: Restoring binding dispute settlement

Alan Wm. Wolff

2022: Socioeconomic diversity of economics PhDs

Robert Schultz and Anna Stansbury

2022: The private sector advances in China: The evolving ownership structures of the largest companies in the Xi Jinping era

Tianlei Huang and Nicolas Veron

2022: The international financial system after COVID-19

Maurice Obstfeld

2022: Trump ended WTO dispute settlement. Trade remedies are needed to fix it

Chad Bown